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The CEO tapes: the 'laddish' fund manager culture

Almost two decades into the 21st century why are women still so poorly represented in fund management? 

This was a hot topic as four top asset management CEOs visited Citywire's London headquarters for a candid debate over the state of the industry, moderated by Citywire executive chairman Lawrence Lever. 

The four CEOs were: 

  • Martin Gilbert, Aberdeen Asset Management
  • Richard Buxton, Old Mutual Global Investors
  • Anne Richards, M&G Investments
  • Hendrik du Toit, Investec Asset Management 

 

In this first edition of an eight-part series, the CEOs share their thoughts on the sensitive issue of female representation.

It's a big issue. A recent detailed study by Citywire showed our database stored a meagre 1,562 female fund managers versus 13,488 male. 

''I couldn't hack the lad culture any more' is still what you hear', one CEO says, shedding light on why many women tend to leave the industry mid-career. 

So is 'positive discrimination' one way of addressing the imbalance? Or do we need to move on from the stereotypical '19th century' gender pay gap debate? 

You can see other videos in the series below

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